Fixed Costs of a Best New Entrant Peaking Plant - Calculation Methodology Review
On 11th September 2008, the Single Electricity Market Committee (SEMC) published its Decision Paper regarding the Fixed Cost of a Best New Entrant Peaking Plant for the calendar year 2009 (SEM-08-109). In this decision paper, the SEMC signalled its intention to consult on the appropriate mechanism to address a key concern raised by industry participants regarding the stability of the capacity payment pot due to the annual determination of the Best New Entrant Fixed Cost (BNEFC) and the Annual Capacity Payment Sum (ACPS).